TokenPay – Wallet Installation / New Address / Backup [Windows]

By TokenPay Team | December 10, 2019, 7:17 AM

TokenPay – Wallet Installation / New Address / Backup [Windows]

In this guide, we’ll teach you how to install a TokenPay wallet, create a new wallet address and make a backup for Windows. Crypto holding should never have headaches, and the TokenPay Wallets offer unprecedented ease of use for our users.

We do not store any information about your seed phrases anywhere. This is why we urge everyone to keep them secure, even write your backup phrases on a physical piece of paper and keep it in your physical wallet. That way, you can treat it just like you would treat fiat currency: it’s all yours, in your pocket.

Hello everyone, it’s Ruben here and today I will show you how to install the TokenPay Wallet. First of all you will want to navigate to you internet browser and then navigate to www.tokenpay.com. On the website you have to log in and then you navigate to wallets here on the wallets page.

Next, you’ll pick your respective wallet. For example,if you have an Android Phone, pick the Android wallet. If you have a mac book,take the Mac wallet and in this case the Windows wallet, which we’re going to use. So we are going to download the TokenPay Windows wallet using the Windows zip file, so hit Downloads, ‘save as’ – I’m going to save this one to my desktop as it’s easier to do for the zip file. You need an unzipper, in this case use WinRAR (which you can also use on a free trial basis in case you don’t have an unzipper). So here we go-it’s almost done downloading. Now in the meantime I’m going to create an empty folder I’m going to name it “TokenPay Wallet“.

So there we go, we now have an empty folder. Our zip file has been done downloading and what I’m going to do now is, I’m going to put a zip file into the empty folder. Go to the folder, right click the zip file and hit ‘unpack here’ and there we go. We now have the token pay wallet on our desktop so right-click TokenPay.exe and run as an administrator and there we go. We now have a fully functional TokenPay blockchain wallet but before you go to use this wallet or this address, what I would urge everyone is to make a backup and make a new address.

So how do you do this? Well, in order to create a new address instead of the default address and the default stealth address, what you have to do is to go to Wallet Management and you have to hit ‘add new wallet’. So we’re going to name this one “TokenPay video” I’m going to add a password one, two, three, four, five and you can leave all these standards. I mean if you want to change the language that’s up to you.

Next step here you get a recovery phrase of your TokenPay crypto currency wallet, so it is very important to write down your password and the recovery phrase. I would recommend doing it on a piece of paper and just for the worst-case scenario save the piece of paper, perhaps somewhere else you know. Make two copies of it, just in case your house burns down or something similar. You still have the backup somewhere else. I mean this is definitely a worst case scenario but you never know, so write the password and recovery phrase.

Next step is filling your recovery phrase to confirm. Don’t copy-paste what I’m doing now, but instead write it down and then type it over – that’s the best way. Next step-and there we go, if we go to ‘Receive’ we now have TokenPay video default and TokenPay video default stealth, so in order to use this address you simply left click it, copy address and that’s it, that’s your deposit address. So that’s how you install a token pay wallet and generate a new address.

If you want to back up the wallet, there’s also another way for this. You have to type ‘run’ then type %appdata%, navigate down until you come to the T of TokenPay and save the wallet.dat file.This is pretty much your whole blockchain wallet, so save the wallet.dat file as well on a USB and you can always recover your TokenPay wallet. I really urge everyone to use both backups. So the Recovery phrase with passwords and to wallet.dat file.

I would really urge you to make backups of both.I mean may be I’m overdoing it a little bit when in USB is like 5 Euros or even for a cheap one and if you have a decent amount of TokenPay, you definitely want to make sure you have a good backup! So that was pretty much it. Hope you guys enjoyed this video, make sure to subscribe to the official TokenPay YouTube channel guys, and more videos coming up. Have a great day, I’m out, bye bye.